Education Reform -- is it possible? revisited

A physics professor at UC Berekley sounds off here about the college education ripoff and suggests a few remedies.
The comments section of the professor's blog provides some really interesting insights.  Bottom line: reforming this monster is going to take a lot of thought and effort as many special interests are involved in the industry, including mega tax payer dollars from state and federal sources which of course serves to politicize the whole matter.